Year ended December 31, 2018 with comparative figures for 2017 (in thousands of dollars)
Year ended |
Year ended |
|
Revenue |
||
Investment income (note 10) | $ 2,302 |
$ 1,968 |
Administrative Assessment (note 12) | 6,000 | 6,000 |
Other income | – | 3 |
Operating Revenue | 8,302 | 7,971 |
Expenses |
||
Salaries and benefits | 3,172 | 3,133 |
Professional fees | 469 | 390 |
Directors fees | 568 | 473 |
Travel and meetings | 206 | 207 |
External services | 250 | 212 |
General office and administration | 947 | 1,050 |
Operating expenses | 5,612 | 5,465 |
Net Operating Income | 2,690 | 2,506 |
Members’ Contributions |
||
Specific Assessment (note 11) | 15,200 | 15,200 |
Net Income | 17,890 | 17,706 |
Other Comprehensive Income Statement (OCI) |
||
OCI, beginning of the year | (1,405) | – |
OCI, end of the year | (1,046) | (1,405) |
Net change during the year | 359 | (1,405) |
Total Comprehensive Income |
18,249 | 16,301 |